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Last Updated on 24th June 2024
Green Energy Park and Eletrobras sign agreement to develop one of the largest green hydrogen hub in Brazil. The Green Energy Park (GEP) is implementing one of the largest climate impact undertakings in the world. The companies have signed a Memorandum of Understanding (MoU) with the objective of achieving cost and technology leadership in the production of green hydrogen in Brazil.
MoU Signing between GEP and Eletrobas
Last year, the European Union promised to invest USD 2 billion in a 10 GW green hydrogen project in Piaui, Brazil.
The goal of the joint venture between GEP and Eletrobras is to combine hydropower electricity resources from Eletrobas totaling more than 10 GW with a distinctive green hydrogen and hydrogen derivatives production platform developed and put into use by Green Energy Park.
To achieve this capacity, base-load hydroelectric power will enable the deployment of state-of-the-art electrolyzer technologies, implemented on a standardized production infrastructure, including purpose-built export terminal facilities. The integrated hydrogen production platform features some of the most advanced process engineering designs from the liquified natural gas and ammonia business.
Bart Biebuyck, CEO of Green Energy Park, said, “Renewable electricity is the cornerstone of our green hydrogen production process, and we are delighted to have it secured from Eletrobras, a company that stands out as the dominant player in Brazil's energy infrastructure.”
Eletrobras is Latin America’s largest power utility company and one of the largest renewable energy companies in the world. For the purpose of producing green hydrogen, Eletrobras will use a portion of the energy from more than 30 hydroelectric plants in Brazil.
The company is developing decarbonization projects as part of a dedicated division that will deploy more than 10 GW of hydroelectric power to deliver green hydrogen at competitive costs.
GEP Piaui
Green Energy Park Piauí is a 10 GW state-of-the-art green hydrogen and ammonia production plant, built on 310 hectares of dedicated land, in the special economic zone of Parnaíba. The plant is located next to the brand-new port infrastructure of Luís Correia, enabling highly effective export logistics.
Green Energy Park Piauí is located in the north-east of Brazil, in the State of Piauí. Green hydrogen produced in the Green Energy Park Piauí will be transported to a midstream hub in Krk, Croatia, while the remaining quantity will be distributed to various ports across the globe to serve industrial offtakers.
GEP Krk
Green Energy Park Krk is a unique midstream facility by the North Adriatic Sea. It is strategically located on the island of Krk, Croatia. It’s deepwater seaport and terminal infrastructure are key to unlocking the value chain of renewable ammonia, distributed throughout South-Central-Europe. The construction of this project will commence by 2024.
Green ammonia, sourced from more than six different locations around the world, will be stored and distributed from Krk. The 153-hectare freehold property has direct access to a deepwater seaport, on-site ammonia storage facilities, and is built around brand-new infrastructure.
Read: European Hydrogen Bank Auction Awards $775 Million for Green Hydrogen Projects in Europe
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